Nov (NOV) Cost of Revenue (2009 - 2026)
Nov's (NOV) quarterly Cost of Revenue came in at $1.7 billion in Q1 2026, up 1.03% year-on-year from $1.7 billion in Q1 2025, and up 11.83% quarter-over-quarter from $1.5 billion in Q4 2025.
Nov (NOV) Cost of Revenue (2009 - 2026) Analysis & Trends
Nov has disclosed Cost of Revenue across 18 years of filings, most recently posting $1.7 billion for Q1 2026.
- Cost of Revenue for Q1 2026 came in at $1.7 billion, up 1.03% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.6 billion (up 1.46% YoY), and the FY2025 annual result was $6.7 billion, up 1.76% from the prior year.
- Cost of Revenue came in at $1.7 billion for Q1 2026 at Nov, up from $1.5 billion in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $1.8 billion in Q4 2023 to a low of $1.3 billion in Q1 2022.
- The 5-year median for Cost of Revenue is $1.6 billion (2023), against an average of $1.6 billion.
- Across the five-year window, Cost of Revenue soared 31.57% in 2022 and declined 18.85% in 2024, its largest moves.
- Nov's Cost of Revenue stood at $1.6 billion in 2022, then rose by 13.25% to $1.8 billion in 2023, then slipped by 18.85% to $1.5 billion in 2024, then slipped by 0.13% to $1.5 billion in 2025, then grew by 11.83% to $1.7 billion in 2026.
- The last three Cost of Revenue figures came in at $1.7 billion (Q1 2026), $1.5 billion (Q4 2025), and $1.8 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 82.25 Bn | 80.04 Bn | 4.67 Bn | 4.05 Bn |
| 2 | Baker Hughes | 61.96 Bn | 47.38 Bn | 1.51 Bn | 5.07 Bn |
| 3 | Halliburton | 32.79 Bn | 30.84 Bn | 2.04 Bn | 3.37 Bn |
| 4 | TechnipFMC | 26.73 Bn | 25.47 Bn | 1.49 Bn | 1.01 Bn |
| 5 | Enerflex | 8.62 Bn | 8.57 Bn | - | - |
| 6 | Nov | 7.27 Bn | 5.98 Bn | 119.00 Mn | 1.67 Bn |
| 7 | Weatherford International | 6.99 Bn | 5.94 Bn | 876.00 Mn | 276.00 Mn |
| 8 | Archrock | 5.95 Bn | 5.95 Bn | 247.42 Mn | 126.34 Mn |
| 9 | Kodiak Gas Services | 5.60 Bn | 5.50 Bn | 222.88 Mn | 122.88 Mn |
| 10 | Liberty Energy | 4.61 Bn | 3.91 Bn | 177.37 Mn | 843.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.67 Bn |
| Mar 31, 2026 | 1.67 Bn |
| Dec 31, 2025 | 1.50 Bn |
| Dec 31, 2025 | 1.50 Bn |
| Sep 30, 2025 | 1.76 Bn |
| Sep 30, 2025 | 1.76 Bn |
| Jun 30, 2025 | 1.66 Bn |
| Jun 30, 2025 | 1.66 Bn |
| Mar 31, 2025 | 1.66 Bn |
| Mar 31, 2025 | 1.66 Bn |
| Dec 31, 2024 | 1.50 Bn |
| Dec 31, 2024 | 1.50 Bn |
| Sep 30, 2024 | 1.72 Bn |
| Sep 30, 2024 | 1.72 Bn |
| Jun 30, 2024 | 1.63 Bn |
| Jun 30, 2024 | 1.63 Bn |
| Mar 31, 2024 | 1.70 Bn |
| Mar 31, 2024 | 1.70 Bn |
| Dec 31, 2023 | 1.85 Bn |
| Dec 31, 2023 | 1.85 Bn |